Bulgarian Rose decided to terminate its deal with Beijing Fangcaoziyan Cosmetics Trading Co. for exports of cosmetic products and rose oil due to the Chinese company's systemic failure to adhere to the agreement. The orders by Beijing Fangcaoziyan Cosmetics Trading Co. were lower than the agreed upon volume, Bulgarian Rose said in a bourse filing. The deal between the two companies was signed in July 2018, as the China-CEE 16+1 summit was taking place in Sofia at the time. The value of exports is expected to reach $24.2 million in the long run, Bulgarian Rose said after signing the agreement.